Decision details

Accelerated Capital Receipts and Estate Rationalisation

Reference: D52461

Decision Maker: Executive Board

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: Yes

Purpose:

Seeking approval for the acceleration of a series of properties for disposal and release of additional properties identified through the Estate Rationalisation Programme.

Decisions:

Further to Minute No. 46, 24th September 2020, the Director of City Development submitted a report regarding the approach to Estate Realisation and the generation of Capital Receipts. Specifically, the report provided more detail of the proposed next tranche of accelerated disposal properties which were targeting December 2020 auction dates.

 

Responding to a Member’s concern, the Board discussed and was provided with further information on the proposal regarding East Lodge, Temple Newsam Estate, with specific reference to the consultation process which had been undertaken in respect of this.

 

A Member’s comments regarding Leeds Sailing and Activities Centre were noted.

 

RESOLVED –

(a)  That the accelerated disposal of those properties as set out in Table 3.1 of the submitted report, which have already been agreed as part of the Capital Receipt Programme, be supported;

 

(b)  That the injection of those additional properties to be introduced into the Capital Receipt Programme, as set out in Table 3.2 of the submitted report, be agreed, with agreement also being given for those properties to be accelerated for disposal;

 

(c)  That it be noted that further reports will be presented to Executive Board providing updates on progress, and seeking approval to sell where properties do not from part of the current approved Capital Receipts Programme;

 

(d)  That it be noted that the disposal of properties and the identification of a strategic approach towards the Council’s estate is the responsibility of the Director for City Development.

 

(Under the provisions of Council Procedure Rule 16.5, Councillor Golton required it to be recorded that he abstained from voting on the decisions referred to within this minute.  Also, it was noted that whilst Councillor Lamb was attending the Board meeting in a non-voting capacity, were he able to, he would have abstained from voting on the decisions referred to within this minute)

 

Reason Key: Financial Impact>£500K;

Wards Affected: Armley; Chapel Allerton; Garforth and Swillington; Headingley and Hyde Park; Kirkstall; Otley and Yeadon; Temple Newsam;

Portfolio Holder: Executive Member for Resources

Other reasons / organisations consulted

Series of briefings

Consultees

Executive Member for Resources

Cross Council Directors

Contact: Mark Mills, Head of Asset Management 0113 378 7718 Email: mark.mills@leeds.gov.uk.

Report author: Mark Mills

Publication date: 05/11/2020

Date of decision: 21/10/2020

Decided at meeting: 21/10/2020 - Executive Board

Effective from: 31/10/2020

Accompanying Documents: